The off-market acquisition included residential and commercial assets in high-growth markets throughout Texas, the Southeast and the Western U.S. The transaction follows an earlier bid by Starwood to purchase Forestar Group outright.

In the wake of several hurricanes and wildfires hitting the U.S. last year, real estate owners should make sure their contracts, leases and insurance policies are reviewed carefully, argues Squire Patton Boggs' John Thomas, Stacy Krumin and Patricia Hatler.